Prosper.com rating

At Prosper.com borrowers can borrow money from each other, and lender can benefit from higher return on investment. Prosper borrowers require to have only 640 Fico score and Prosper.com origination fee for a person with AAA credit is only half percentage with no minimum, for 36 months loan. The origination fee has a $75 cap at Prosper no matter what your credit score is. Every loan application is assigned a Prosper Rating. Prosper.com proprietary system allows prosper to maintain consistency in prosper evaluation. Prosper Ratings allow potential investors to easily consider a loan application's level of risk because the rating represents an estimated average annualized loss rate range to the investor.

Prosper Rating

Estimated Avg. Annual Loss Rate**

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AA

0.00-1.99%

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A

2.00–3.99%

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B

4.00–5.99%

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C

6.00–8.99%

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D

9.00–11.99%

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E

12.00–14.99%

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HR

≥ 15.00%

The estimated loss rate is based on the historical performance of Prosper loans with similar characteristics. The estimated base loss rate is determined by two scores:

The borrower's credit score, obtained from an official credit reporting agency,

The Prosper Score, figured in-house based on the Prosper population. These two scores determine the base loss rate for each listing. Adjustments can then be made to the base loss rate for the presence of a previous Prosper loan and for certain loan terms. Any adjustments are added to the base loss rate to get the final loss rate, which then determines the Prosper Rating.

The Prosper Rating is our proprietary system that allows us to maintain consistency when evaluating each loan application. Prosper Ratings allow investors to consider a loan's level of risk because the rating represents an estimated average annualized loss rate range. In contrast, Verification Stage is not a measure of potential credit risk. It is only an indication of the progress of a loan application based on verification of required information and documents. However, a loan in Verification Stage 3 indicates that the borrower’s information is farther along in Prosper’s verification process thereby increasing the likelihood that the loan will originate.

How to find Personal loan

Prosper Borrower

Prosper offers fixed rate, fully amortizing unsecured loans from $2,000 to $35,000. Loan terms of 3 and 5 years are available, depending upon Prosper Rating and loan amount. Along with attractive rates, these loans are offered with no penalties for paying off your loan early or for making partial prepayments. See why Prosper personal loans are a more attractive way to borrow than credit card or other consumer debt that could take years to pay off!

Invest in Prosper notes

Looking for an easy, yet customized way to diversify your Prosper investment? Quick Invest is the fastest way to find loans that meet your criteria so you can invest your money all at once—without having to sort through hundreds of loans—while still giving you the control to review individual loans.

How it Works

You set basic or detailed investing criteria.

Quick Invest will find loans that meet them.

Simply confirm the entire set of loans to invest your funds immediately, Or review each individual loan to decide whether it's right for you

How Prosper works?

Borrowers choose a loan amount, purpose and post a loan listing.

Investors review loan listings and invest in listings that meet their criteria.

Once the process is complete, borrowers make fixed monthly payments and investors receive a portion of those payments directly to their Prosper account.

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